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I think we're raising a money smart kid. He has chores that he's not paid for (cleaning up after himself, making his bed, putting away the silverware, setting the table...) and then there are extra duties he can do for some money. I think this is a good balance of teaching him that we care for our home because we are a team and work together and also teaching him that money is something you have to work for.

We also live a very modest lifestyle, don't purchase things we can't afford, and are fairly responsible with our money.

I was raised on doing things to earn money. It was called Sunday money(allowance). My daughter earns $10 every two weeks, used to be a week but I am not rich. LOL My son gets $5 every two weeks. They are 10 and 5. They have various chores. I raised my daughter's to $13 every two weeks because she takes the dog out a lot now that I am pregnant.

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